GSS Calls for Strategic, Collaborative Measures to Sustain Inflation Decline After April Dip
The Ghana Statistical Service (GSS) is calling for coordinated action across households, businesses, and government to preserve the country’s current downward inflation trend, following a slight decrease in April’s inflation figures.
According to the GSS, year-on-year inflation dropped to 21.2% in April 2025, down from 22.4% in March. This marks the fifth consecutive month of inflation decline, signaling progress in efforts to stabilize the economy.
Government Statistician Dr. Alhassan Iddrisu described the outlook as “cautiously optimistic,” emphasizing that while inflationary pressures are subsiding, volatility in sectors such as food and transportation continues to impact daily living.
He advised households to manage spending carefully and remain alert to price shifts, particularly in frequently fluctuating areas like food and transport. “Continue to manage expenditures cautiously and remain responsive to changes in prices,” Dr. Iddrisu urged.
Addressing the business community, he encouraged firms to take advantage of the easing cost environment to stabilize operations, especially in sectors reliant on transport and imported inputs, such as hospitality and food services.
Dr. Iddrisu also stressed the importance of sustained government commitment to macroeconomic policies and social protection programmes, including the Livelihood Empowerment Against Poverty (LEAP), Capitation Grant, and School Feeding Programme, to shield vulnerable populations.
Highlighting the persistent price spikes in key food items such as ginger, beans, and vegetable oil, the GSS recommended enhanced monitoring of food markets. Dr. Iddrisu further urged expedited implementation of the Agriculture for Transformation Programme to tackle food inflation, especially in high-weight items like vegetables, tubers, and plantains.
He concluded with a call for improved public understanding of inflation, stating, “We must strengthen education on inflation dynamics to empower households to make informed financial decisions”
